The UK economy rebounded more than expected in January with gross domestic product rising 0.3% mainly due to growth in the services sector
The Office for National Statistics (ONS) said the economy grew by 0.3% in January, following a sharp 0.5% decline in gross domestic product (GDP) in December.
The biggest driving forces behind the growth came from sectors including education, transport, health, and arts and entertainment.
Chancellor Jeremy Hunt said: “In the face of severe global challenges, the UK economy has proved more resilient than many expected, but there is a long way to go.
“Next week, I will set out the next stage of our plan to halve inflation, reduce debt and grow the economy – so we can improve living standards for everyone.”
Shadow Chancellor Rachel Reeves said:
“Today’s GDP figures show our economy is inching along this Tory path of managed decline…13 years of failure have left growth on the floor and our economy weaker.”
